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Kommuninvest issues SEK 3 billion in new bond
Pressrelease
Kommuninvest today issued SEK 3 billion (USD 0.27 billion) in a new bond under the Swedish Benchmark Program.
The new bond, labeled K3011, matures on November 12, 2030, and will be added to the calendar for the program’s weekly auctions.
The transaction, which had a bid-to-cover ratio of 2.85, was priced 30.56 basis points above mid-swaps and approximately 58 basis points above the corresponding Swedish government bond.
– Having long-term investors on board is important both for the development of the program and for our ability to secure cost-effective financing for the municipal sector’s investments in Sweden, says Tobias Landström, Head of Debt Management at Kommuninvest.
For further information:
Tobias Landström, Head of Debt Management, phone: +46 70 586 78 51
e-mail: tobias.landstrom@kommuninvest.se
Marcus Waineby, Team Lead of Debt Management, phone +46 70 696 77 69
e-mail: marcus.waineby@kommuninvest.se
Victoria Preger, Chief Communication Officer, phone: +46 70 266 87 26
e-mail: victoria.preger@kommuninvest.se